Unconventional energy resources may change not only the American energy situation but also global energy markets and the geopolitics-of-energy in fundamental ways, including in Europe. This seminar on the economics of shale gas and tight oil production will focus on their costs and breakeven points and how they change; resources in the USA vs Europe; tax and regulatory systems in the USA vs ROW; geological, geographical and geopolitical risks; and infrastructural bottlenecks.